Common use of TERM OF ADVANCES Clause in Contracts

TERM OF ADVANCES. Interest shall be calculated on each Advance by reference to the Term of that Advance. The Term shall begin on the proposed date of that Advance and shall be of 1 month’s duration, or any other period as agreed by the Banks under Clause 8.1(b), as selected by the Borrower in the notice requesting that Advance except as follows:

TERM OF ADVANCES. Interest shall be calculated on each Advance by reference to the Term of that Advance. The Term shall begin on the proposed date of that Advance and shall be of 1 month’s duration, or any other period as agreed by the Banks Bank under Clause 8.1(b)) below, as selected by the Borrower in the notice requesting that Advance except as follows:

TERM OF ADVANCES. Interest shall be calculated on each Advance by reference to the Term of that Advance. The Term shall begin on the proposed date of that Advance and shall be of 1 month’s duration1, 2, 3 or 6 months’ duration (or a period of less than 6 months ending on the relevant Final Maturity Date), or any other period as agreed by the Banks under Clause 8.1(b)8.1(a) below, as selected by the Borrower in the notice requesting that Advance except as follows: